http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2024, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Wed, 21 Aug 2024 06:58:13 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/Intl+Ratings/Zuanic+and+Associates+Downgrades+TILT+Holdings+Inc.+%28TILT%3ACN%29+%28SVVTF%29+to+Neutral%2C+%27Lack+of+progress%27/23626667.html <p>Zuanic and Associates analyst Pablo Zuanic downgraded TILT Holdings Inc. (TILT:CN) (OTC: SVVTF) from Overweight to Neutral.</p><p>The analyst comments "Lack of progress (EBITDA wise) in the company’s two divisions (vape hardware; plant-touching), higher debt levels at this stage than we had expected, and uncertainty about Jupiter’s (vape hardware) evolving business model, make us more cautious in the medium term. So, we are downgrading to Neutral from Overweight. The valuation thesis (attractive) remains valid, with TILT at 0.8x CY24 EV/sales compared with 1.9x for the MSO group, but lack of near-term catalysts, combined with below average margins, debt load, and lingering http://www.streetinsider.com/Intl+Ratings/Zuanic+and+Associates+Downgrades+TILT+Holdings+Inc.+%28TILT%3ACN%29+%28SVVTF%29+to+Neutral%2C+%27Lack+of+progress%27/23626667.html Wed, 21 Aug 2024 06:58:13 -0400 SVVTF http://www.streetinsider.com/Downgrades/Zuanic+and+Associates+Downgrades+TILT+Holdings+Inc.+%28TILT%3ACN%29+%28SVVTF%29+to+Neutral%2C+%27Lack+of+progress%27/23626667.html <p>Zuanic and Associates analyst Pablo Zuanic downgraded TILT Holdings Inc. (TILT:CN) (OTC: SVVTF) from Overweight to Neutral.</p><p>The analyst comments "Lack of progress (EBITDA wise) in the company’s two divisions (vape hardware; plant-touching), higher debt levels at this stage than we had expected, and uncertainty about Jupiter’s (vape hardware) evolving business model, make us more cautious in the medium term. So, we are downgrading to Neutral from Overweight. The valuation thesis (attractive) remains valid, with TILT at 0.8x CY24 EV/sales compared with 1.9x for the MSO group, but lack of near-term catalysts, combined with below average margins, debt load, and lingering http://www.streetinsider.com/Downgrades/Zuanic+and+Associates+Downgrades+TILT+Holdings+Inc.+%28TILT%3ACN%29+%28SVVTF%29+to+Neutral%2C+%27Lack+of+progress%27/23626667.html Wed, 21 Aug 2024 06:58:13 -0400 SVVTF http://www.streetinsider.com/Analyst+Comments/Zuanic+and+Associates+Downgrades+TILT+Holdings+Inc.+%28TILT%3ACN%29+%28SVVTF%29+to+Neutral%2C+%27Lack+of+progress%27/23626667.html <p>Zuanic and Associates analyst Pablo Zuanic downgraded TILT Holdings Inc. (TILT:CN) (OTC: SVVTF) from Overweight to Neutral.</p><p>The analyst comments "Lack of progress (EBITDA wise) in the company’s two divisions (vape hardware; plant-touching), higher debt levels at this stage than we had expected, and uncertainty about Jupiter’s (vape hardware) evolving business model, make us more cautious in the medium term. So, we are downgrading to Neutral from Overweight. The valuation thesis (attractive) remains valid, with TILT at 0.8x CY24 EV/sales compared with 1.9x for the MSO group, but lack of near-term catalysts, combined with below average margins, debt load, and lingering http://www.streetinsider.com/Analyst+Comments/Zuanic+and+Associates+Downgrades+TILT+Holdings+Inc.+%28TILT%3ACN%29+%28SVVTF%29+to+Neutral%2C+%27Lack+of+progress%27/23626667.html Wed, 21 Aug 2024 06:58:13 -0400 SVVTF